Pfizer Forecasts Flat 2026 Sales; Ford's EV Pivot Will Be Profit Positive; Roku Jumps
On this episode of Stock Movers:- Pfizer (PFE) forecast little growth in sales for next year as the drugmaker looks to refresh its pipeline of hit drugs with a series of pricey acquisitions. Revenue next year will be $59.5 billion to $62.5 billion, roughly in line with Wall Street’s estimate, Pfizer said Tuesday in a statement. Sales this year are expected at $62 billion, within the range the company projected in early November.- Ford Motor (F) will take $19.5 billion in charges tied to a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable.- Roku (ROKU) is upgraded in two steps to overweight from underweight by Morgan Stanley in a review of the US advertising sector that also upgrades Outfront Media to overweight from equal-weight and resumes coverage of Omnicom Group with an equal-weight recommendation.See omnystudio.com/listener for privacy information.
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Rheinmetall Falls, UBS Up, Stellantis Rises
On This episode of Stock Movers:- European defense stocks slide after President Donald Trump said a negotiated end to the war is “closer” than ever with US negotiators offering significant security guarantees to Kyiv.In Germany, Rheinmetall falls as much as 4.6%- UBS rises as much as 2.3% after BofA upgrades the Swiss lender to buy from neutral, saying it is set to grow EPS at the fastest sequential pace of any bank globally.- The European Union is set to propose softening emissions rules for new cars, scrapping an effective ban on combustion engines following months of pressure from the automotive industry.See omnystudio.com/listener for privacy information.
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Rheinmetall Falls, Magnum Down, IG Group Jumps
On this episode of Stock Movers:- European defense stocks slide after President Donald Trump said a negotiated end to the war is “closer” than ever with US negotiators offering significant security guarantees to Kyiv.In Germany, Rheinmetall falls as much as 4.6% - The Magnum Ice Cream Company is moving to oust the chair of Ben & Jerry’s board, the Financial Times reported, citing people familiar with the matter. - IG Group shares jump as much as 5.4%, hitting an all-time high, after the trading platform said it will deliver its medium-term revenue growth targets ahead of schedule in 2026.See omnystudio.com/listener for privacy information.
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Ford Up After Announcing Overhaul of EV Division, Zillow Falls, Hershey Jumps
On this episode of Stock Movers: - Ford (F) sees a slight boost to their stock price after announcing that they will be overhauling their EV division after losing around $5 billion in the division last year. - Zillow (Z) stock is down with Google testing their new real estate advertising format that could rival websites like Zillow. - Hershey (HSY) share price rose 3% with the chocolate category doing well overall despite the increase in GLP-1 users.See omnystudio.com/listener for privacy information.
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Closing Bell: Tesla Gains, ServiceNow Plummets, Zillow and CoStar Take Hits Amid Google's New Real Estate Advertising Format
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar. On this episode of Stock Movers: - Tesla (TSLA) shares rose around 3.5% increasing to $475 a share and coming close to being the first all-time high close for the stock this year. - ServiceNow (NOW) took the biggest hit in the S&P 500, falling 11% after reports that the company is in talks to purchase cybersecurity startup Armis in a deal valued around $7 billion. - Zillow (Z) and CoStar (CSGP) the company that owns the website Homes.com, both saw their stock price fall as Google starts to test its new real estate advertising format that could rival websites like Zillow and Homes.com.See omnystudio.com/listener for privacy information.
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